PPP Loan Data — 74 Oilfield Products And Service, Gardendale, TX
74 Oilfield Products And Service is a limited liability company (LLC) located at 16885 N Pecan Ave in Gardendale, Texas that received a Coronavirus-related PPP loan from the SBA of $267,910.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITY NATIONAL BANK
74 Oilfield Products And Service received a Paycheck Protection Loan of $267,910 through COMMUNITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, 74 Oilfield Products And Service's total 2019 payroll expenses were approximately $1.29M in order to qualify for the PPP loan amount received.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $58,453 per employee1.
Business Information - 74 Oilfield Products And Service in Gardendale, TX
16885 N Pecan Ave
Gardendale, TX 79758
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-11
Similar Companies near Gardendale
In the Gardendale area, 12 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 22) and received an average PPP loan of $404,080 (compared to this company's $267,910).
Similar Nearby Businesses Who Received PPP Funding:
Daniel M. Cole
Permian Trucking & Rentals, LLC
Diamond K Services
Lobos Transportation, LLC
Septagon Services, LLC
Broadhead Machine Works, LLC
Sunset Well Service Holdings, Inc
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 41% lower than 74 Oilfield Products And Service's reported 22 employees, and received an average PPP loan of $215,222, 20% lower than this company's loan of $267,910.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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